CBDC — Prêt Futur entrepreneur — Région Chaleur

📋 Eligible Entities - Young entrepreneurs aged 14 to 19 years old - Residents of the Chaleur region in New Brunswick - Individuals with entrepreneurial intent (potential business owners) - No specific business structure required (can be sole proprietors or future business operators) ### 💰 Funding Details - Maximum loan amount: $1,500 CAD - Repayment structure: 30% of the loan value may be forgiven upon successful completion of program requirements - Loan type: Interest-bearing loan (terms to be confirmed with lender) - Net cost to recipient: Approximately $1,050 if 30% forgiveness is achieved - Repayment obligation: Remaining 70% of principal must be repaid according to agreed terms ### 🛠️ Approved Expenses - Business startup costs - Equipment and tools for the business venture - Inventory or supplies - Business training or skill development - Operational expenses for launching the enterprise - (Specific restrictions should be confirmed with program administrator) ### ⚠️ Conditions & Milestones - Applicant must be between 14–19 years old at time of application - Must be a resident of the Chaleur region, New Brunswick - Must demonstrate viable entrepreneurial intent or preliminary business plan - 30% loan forgiveness is conditional upon meeting program milestones (likely includes business launch, operation maintenance, or program completion) - Remaining 70% balance is repayable according to established loan terms - Program administered by CBDC (Community Business Development Corporation) - Applicant must comply with all loan covenants and reporting requirements